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19-20 September
Sun 20 September
12:30pm
Venue: Academy
Event [98]

IAI Academy

Economics as a Human Enterprise

Deirdre McCloskey
Economics has long aspired to the precision and predictive power of physics. But can economics ever become a pure field of mathematical abstraction? According to Deirdre McCloskey, Isaiah Berlin Chair in Liberal Thought at the Cato Institute and author of twenty-five books, the answer is 'No'. Join McCloskey as she traces the story of how economics came to model itself on physics – and what has been lost in the process. She makes the case that economic life is irreducibly human, shaped by language, ethics and persuasion, and that a richer understanding of markets and society demands that we take those dimensions seriously.

Part 1: The Myth of the Mathematical Market: Economics as a predictive, value-free science - mechanisms and markets.

Part 2: Thinking Differently – Economics as a humanity: McCloskey makes the case for a different kind of economics - one that takes language, rhetoric, and ethics as forces that shape economic life.

"Persuasive…richly detailed and erudite." — Financial Times
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